$LINK
🟢 General Trend:
There was a good rise from the March 2024 low ($19), then it entered a sideways correction.
The price is currently moving within a sideways channel between $15.50 and $18.50.
🧭 Supports and Resistances:
Strong Support: $15.00 – $15.50
Important Resistance: $18.50 then $20.00
📈 Technical Indicators:
RSI (Relative Strength Index): 48 → in the neutral zone, neither overbought nor oversold.
MACD: Slight negative crossover, indicating a potential short correction.
Moving Averages:
The price is above MA50 but close to it → mixed signals.
MA200 is far below → the long-term trend is still bullish.
🔺 Positive Scenario (Bullish):
Breaking resistance at $18.50 could open the way to:
$20.00 (psychological and technical resistance).
Then $22.50 as a medium target.
🔻 Negative Scenario (Bearish):
Breaking $15.00 could push the price to:
$13.50 (previous support).
Then $12.00 (March low)
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📌 Summary:
LINK is currently in a phase of sideways accumulation after a strong rise.
The best decision now is to wait for a clear break (either above $18.5 or below $15).
The project is strong in the long term, but caution is required in short speculations.